Putin's re-election makes Beijing rejoice: China and Russia want a new world order. Both reject the international order led by the USA and see themselves as leaders of a Global South oppressed by the West.
China is buying record amounts of cheap Russian oil and gas and in return exports cars and household goods to Russia. The suffering of the people of Ukraine means good business for China. Xi accepts that Putin is waging a bloody war of aggression in Ukraine that violates international law. Xi Jinping sees Putin as an ally in his mission against Western dominance.